• 3 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 6 minutes This Battery Uses Up CO2 to Create Energy
  • 10 minutes Phase One trade deal, for China it is all about technology war
  • 12 minutes Trump has changed into a World Leader
  • 3 hours Indonesia Stands Up to China. Will Japan Help?
  • 2 hours Shale Oil Fiasco
  • 3 hours Might be Time for NG Producers to Find New Career
  • 6 hours Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded
  • 6 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 8 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 10 mins Anti-Macron Protesters Cut Power Lines, Oil Refineries Already Joined Transport Workers as France Anti-Macron Strikes Hit France Hard
  • 7 hours Beijing Must Face Reality That Taiwan is Independent
  • 1 hour Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 7 hours China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 24 hours US Shale: Technology
  • 2 days Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019

Breaking News:

Brazil Breaks Oil Production Record

Hydrogen Costs Could Be Set To Plunge By 50%

Hydrogen Costs Could Be Set To Plunge By 50%

Hydrogen, while still expensive today,…

The New Energy Superpower In The Middle East

The New Energy Superpower In The Middle East

Russia has become increasingly powerful…

China’s Sinochem Interested in Investing in Alberta

China’s Sinochem Interested in Investing in Alberta

Looking beyond Alberta’s rich deposits of oil sands, China’s state-owned Sinochem Group energy giant is looking to invest in the province’s rich oil and natural gas sector.

Sinochem Group is China’s fourth largest energy firm.

Sinochem Group assistant president Li Pilong, attending the Canada-Asia Energy Cooperation Conference in Calgary stated that Sinochem Group is “more focused” on conventional oil and natural gas, as opposed to oil sands, commenting, “I have a plan to visit a number of oil companies to see whether or not we can work together for a kind of co-operation in the energy field. At this time it’s for general purposes and to explore the potentials where our two countries can work together,” The Calgary Herald reported.

Other Asian firms are concentrating on Alberta’s oil sand resources. Two months ago China National Offshore Oil Corp. agreed to purchase struggling oil sands developer Opti Canada Inc. for $2.1 billion.

Thailand’s PTTEP Canada Ltd., which owns 40 percent of Norway’s Statoil’s Kai Kos Dehseh oilsands project and is majority owned by the Thailand government, is seeking to expand its presence in the province. PTTEP Canada Ltd. senior vice-president Yothin Tongpenyai said, “We are open to opportunities both in conventional and unconventional resources, including shale gas, tight gas, coal bed methane, oil sands, oil shale ... and other interesting oil and gas resources.”

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play